Annual Meetings of the Michigan Academy, Andrews University, March 13, 2015

摘要

The purpose of the presentation is to examine the responsibility of higher-education institutions to provide financial education to students and families. The recent economic crisis has brought to light the lack of financial understanding and the poor financial decisions of millions of Americans. Financial illiteracy is widespread throughout the American population (Lusardi and Mitchell, 2007). Over the last two decades this vast problem has been studied from many perspectives. Although some higher-education institutions have occasionally spoken to these issues, and others have taken a leadership role in ensuring financial education for their students, many institutions have not had a great deal of influence in this area. This paper will add to the growing literature on financial education. It will include a review of courses being offered at three different samples of colleges and universities. The presentation will highlight some shortfalls of current education initiatives and explore opportunities that higher-education institutions could consider implementing. The strategies reviewed in this presentation could be relevant to educators, campus administrators, student organizations, parents, economists, government agencies, financial planners, and even churches since financial education is a national issue impacting both economic and social structure stability.